Abu Dhabi: The Competitiveness Office of Abu Dhabi (COAD) at the Abu Dhabi Department of Economic Development (ADDED) has launched the Intellectual Property (IP) Excellence Centre to promote innovation and strengthen Abu Dhabi’s global competitiveness by offering a conducive environment to inventors to turn their ideas into innovative and commercial opportunities.
The new centre addresses areas of advancement at the intersection of innovation, technology, and legislation to foster an environment that boosts economic growth.
The centre is committed to dealing with emergent gaps, fosters inventors as well as investors, and develops policies to raise awareness. It also assists stakeholders in IP registration and commercialization.
Abu Dhabi’s soaring ‘Falcon economy’ is building on our competencies in key sectors, placing digital transformation, innovation, and advanced technologies at the core of economic and social development plans to move into the next stage of our economic diversification 2.0. Therefore, supporting inventors with a comprehensive ecosystem to grow and convert their bright ideas into commercialisable products and services is essential to our progress journey. We believe this IP excellence centre will play a critical role in strengthening Abu Dhabi status as preferred destination for talent, businesses, and investments.
Mr. Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, commented.
The IP Excellence Centre will equip inventors, start-ups, and SMEs with the necessary knowledge and tools to maintain their competitive edge, starting with legal protection for their ideas and concepts.
It will play a pivotal role in facilitating the development and commercialization of intellectual property while ensuring a fair and competitive business environment.
The launch of the IP excellence centre is part of ‘Abu Dhabi Innovates’, the general framework of the innovation ecosystem, which was announced in 2022 to support the capabilities of inventors, innovators, and entrepreneurs, contributing to a diversified, smart, and sustainable economy.
Ms. Hala Al Ameri, Executive Director of the COAD, remarked that “launching the IP Excellence Centre reflects our commitment to ongoing development of regulatory and institutional frameworks, support of inventors, as well as enhancement of the investment environment.”